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...There are significant drawbacks for companies taking this route, however. A Malaysian company accepting yuan as payment would have few reasons to hold the currency, which is not fully convertible. "Even if you could own the yuan through these swaps, what would you do with it?" asks Mark Matthews, a Hong Kong-based strategist for Fox-Pitt Kelton Securities. Yuan holders can invest their excess savings in Chinese securities, but only up to a point. The Chinese government said on Dec. 9 that it will triple the amount of domestic securities qualified foreign funds are allowed to purchase...

Author: /time Magazine | Title: China Takes a Small Step Away from the Dollar | 4/6/2009 | See Source »

...self-employed. Our health-care costs eat up much of our annual income, and neither of us has a chronic illness. I would much rather have a bureaucracy deliver affordable coverage at whatever inconvenience than be squeezed dry by rapacious Republican-loving drug and insurance companies. Mark Dunn, Albuquerque...

Author: /time Magazine | Title: Inbox | 4/6/2009 | See Source »

...Last June, Chais even wrote his investors a letter saying he was ill and should he get worse his son, Mark, who lives in Israel, would take over the investment business, which by my estimates handled between $500 million and $1 billion. Some were smart enough to pull out then, others, like my wife and I, continued to trust. If we pulled out, where would we put the money? In the caving stock market? In sinking real estate? In the bank? This seemed like a much safer bet, a bet that returned for over 30 years...

Author: /time Magazine | Title: How Madoff's Feeder Funds Stole My Retirement | 4/5/2009 | See Source »

...scored the first victory of the day, topping the Hoyas by 3.9 seconds with a finishing time of 6:37. Both teams were in the race from the start, and neither was able to gain an advantage in the first 1000 meters. “Around the 1000-meter mark, we started moving away from them and then finished off the race trying to get as big a lead as we could,” Khandelwal said. The victory displayed the depth of the Black and White’s team and gave the varsity eight a confidence boost before...

Author: By Robert T. Hamlin, CRIMSON STAFF WRITER | Title: Conditions on Potomac Yield Variable Results | 4/5/2009 | See Source »

...finished just behind non-conference opponent Skidmore at 614, good enough for fourth. Non-Ivy teams Hartford, Canisius, Niagara, Trinity, and Fordham also competed in the open. “It was definitely the most exciting tournament weekend we’ve had this year,” freshman Mark Pollak said. “Mainly because everyone really started coming together and playing well.” Having relied primarily on Pollak to lead the charge this season, Harvard got a big boost from its veterans, as senior John Christensen and junior Danny Mayer finished...

Author: By Dixon McPhillips, CRIMSON STAFF WRITER | Title: Crimson Tops Yale Spring Opener | 4/5/2009 | See Source »

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